|
Cool bids for Ben & Jerry’s
|
 |
December 2, 1999: 1:12 p.m. ET
Ice cream maker says it gets offers ‘significantly above’ prior closing price
|
NEW YORK (CNNfn) - Ben & Jerry’s Homemade Inc., the "tie-dyed” ice cream maker and marketer, said Thursday it received expressions of interest for a purchase "significantly above” its Nasdaq close of $21 per share Wednesday, for a total value of more than $145 million.
The South Burlington, Vt.-based company, maker of such whimsically named ice cream flavors as Cherry Garcia and Chunky Monkey, previously said in regulatory filings that it plans to remain independent. However, it said its board is considering the bids and that no decision has been made.
Shares of Ben & Jerry’s (BJICA) soared 6, or 29 percent, to 27-3/16 shortly before 11 a.m. ET. The company did not identify the prospective buyers.
Co-founders Jerry Greenfield and Ben Cohen, along with company director Jeffrey Furman, hold a total of 46 percent of its voting power, according to recent federal filings. Greenfield and Cohen own 17 percent of its class A and B shares.
Ben & Jerry’s has made it its policy to donate about 8 percent of profits to charity, including the Ben & Jerry’s Foundation Inc. 
|
|
|
Ben & Jerry's
|
Note: Pages will open in a new browser window
External sites are not endorsed by CNNmoney
|
|
|
|
 |
|
